Re large weekly options,
I have to respectfully disagree with your assumption.
My original statement was that it was not an options-only trade and that it was probably a CC trade.
I stated that because I saw that trade, if options only, as merely a high-risk trade made by somebody who has more money than they know how to manage. That was because it had only one week till expiration and the cost of the trade was well within the range that many people could afford (including myself). I've heard many stories of many people who can pull in huge salaries but who also don't have a clue how to manage their money. It is not unusual that they take fortunes that they too easily earned or inherited and lose it all in the stock market, options market, futures market, gambling, racing bets, or just spending it foolishly.
So I mentioned the possibility of an alternative stock market investment that is very conservative and has potential to return very high compounded yields and which I have safely done many times over and over. And that kind of trade is also the type of trade that fund managers will take from time to time; and for them, this particular trade in question would be a very small trade.
That trade would be to buy MU stock then sell Covered Calls against the stock at a price a little higher than current trade.
The stock had already declined quite a bit so they were comfortable with buying the shares, but there would be a high likelihood that the stock could trade a little bit lower or trade flat to slightly higher -- and all during the near future leading up to earnings release. This would be their way of doing multiple weekly trades which would have compounded positive results leading into earnings release.
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